Kensuke Tanaka of OECD: Outlook for Southeast Asia, China and India
Kensuke Tanaka, Head of Asia Desk, OECD Development Centre, presented a summary of the 'Economic Outlook for Southeast Asia, China and India 2016' report by the Organization for Economic Co-Operation and Development (OECD). He spoke at ERIA, Jakarta, Indonesia, on 21 January. See video here.
The report focuses on enhancing regional ties and integration in order to promote growth.
According to the report, growth in China will continue to slow while growth in India will pick up to one of the highest in the region. The slowdown in China will affect the growth prospects of the rest of the region as export demand drops and investment flows decline.
Growth in the ASEAN (Association of Southeast Asian Nations) region is projected to average 5.2% in 2016-2020, led by growth in the Philippines and Viet Nam among the ASEAN-5 and the CLM (Cambodia, Lao PDR and Myanmar) countries.
Private consumption will be a large contributor to overall growth, while exports will contribute less than during most of the prior decade.
The annual Economic Outlook for Southeast Asia, China and India examines Asia's regional economic growth, development and regional integration process. It focuses on the economic conditions of China, India, and Association of Southeast Asian Nations (ASEAN) member countries: Brunei Darussalam, Cambodia, Indonesia, Lao PDR, Malaysia, Myanmar, the Philippines, Singapore, Thailand and Viet Nam.
Download the overview here.
Download the full report here.
View the event details here.